The abrupt departure of Intel’s chief executive removes the biggest obstacle to a radical reshaping of the iconic Silicon Valley company, including scaling back its chip manufacturing business in spite of multibillion-dollar incentives from the US government.
Pat Gelsinger, an engineer who spent the first 30 years of his career at Intel, returned in 2021 with a bold mandate to restore its chipmaking prowess at the same time as taking on its faster-growing rivals Nvidia and AMD in designing PC and data centre chips.
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